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Production / Operations

Bitzero Holdings Inc. Announces Commencement of Trading on Canadian Securities Exchange

By The Northwire Desk — AI Analysis Nov 23, 2025 · 14:58 BITZ · None None
BITZ · Price

Executive Summary

  • Bitzero Holdings Inc. will commence trading of its voting shares on the Canadian Securities Exchange (CSE) under ticker “BITZ.U” at market open on November 24, 2025.
  • The company disclosed unaudited October‑2025 mining and financial metrics, showing a 46.24% mining margin and gross profit of $71,034 per day.
  • Bitzero highlighted its low energy cost (~US$0.04/kWh), total data‑center capacity >1 GW across four locations, and cumulative investment of over US$100 million (including in‑kind contributions).

Key Details

  • CSE Listing: Voting shares to begin trading on the Canadian Securities Exchange (ticker “BITZ.U”) at market open, 24 Nov 2025.
  • Energy Cost: Approx. US$0.04 per kWh, resulting in an all‑in breakeven cost of US$56,000 and mining efficiency of 20 J/TH.
  • Data‑Center Portfolio: Four facilities – two in Norway, one in Finland, one in the United States; combined energy growth capacity >1 GW powered by clean, sustainable sources.
  • October 2025 Mining Metrics (unaudited):
  • Energy Cost/kWh: $0.04
  • Daily Energy Cost: –$38,189
  • Pool Fees (2%): –$355
  • Gross Profit per day: $71,034
  • Gross Profit per month: $2,131,035
  • Mining Margin: 46.24 %
  • Monthly Hash Rate & Production:
  • Total Hash Rate (Oct‑25): 1.84 EH/s; Avg. Operational Hash Rate: 1.788 EH/s
  • Bitcoin Mined (Oct‑25): 23.47 BTC
  • Bitcoin Sold (Oct‑25): 27 BTC (95 % of production)
  • Hodl Value (Oct‑25): $1.488 M
  • Historical Monthly Hash Rate & Production (selected months):
  • Sep‑25 Total Hash Rate: 1.7599 EH/s; Bitcoin Mined: 23.85 BTC
  • Oct‑25 Total Hash Rate increase to 1.84 EH/s, indicating growth in capacity.
  • Investment Highlights: Over US$100 million invested to date, including in‑kind contributions; notable investor Kevin O’Leary (Shark Tank).
  • Leadership Quote: Mohammed Bakhashwain, President & CEO, emphasized the strategic importance of the CSE listing amid a crypto bull market and the company’s low‑cost operations.

Notable Quotes

“This strategic milestone comes at a pivotal moment for Bitzero, during a historic bull run in the crypto market and surging demand for data center capacity,” – Mohammed Bakhashwain, President & CEO.

All financial figures are unaudited and presented in U.S. dollars unless otherwise noted.

Read the original news release →

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